Sunderland Split Festival has been axed due to lack of money.
Organisers of the popular music festival have issued a statement saying: “Ultimately the economics of live music events has left us unable to see how the event can continue.”
Split Festival’s Ross Millard said: “Artist’s agents are asking for significantly higher fees for live performances. We have spent as much as £140k per year on booking the bands, but we haven’t been able to recoup those artist’s fees in ticket sales and other revenue.”
Split Festival’s Martyn McFadden said: “We’ve had financial support from Sunderland City Council and The Arts Council. The Split team has worked tirelessly. So it’s a real shame we haven’t been able to sustain it.”
The music festival has been running since 2009 in Sunderland.